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Oil prices go down as Fed minutes support tapering speculation

Updated: 08 22 , 2013 10:57
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NEW YORK -- Oil prices dropped Wednesday as minutes of the U.S. Federal Reserve's July policy meeting signaled a likely reduction of its massive asset purchase programs this year.

Light, sweet crude for October delivery lost 1.26 dollars to settle at 103.85 dollars a barrel on the New York Mercantile Exchange.

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